An Ironman guide to strategy!
Rodrigo Castillo
Group Chief Technology Officer at Commonwealth Bank of Australia
Think strategically
At some moment in our career I'm pretty sure we all have been told by our leaders in our performance reviews that "In order to get to the next level, you should think more strategically", which in most cases is something you need to grow in your organization, but honestly, what does that even mean?, I remember having those conversations on my performance reviews and thinking "now what? I don't have any idea how to start!".
Strategy is nothing more that setting one or more key targets, that will make the business (or whatever you care about) grow, recover or transform it within a time frame.
So this is how creating a strategy looks like, in a very easy example (can't disclose work related strategies :p), so I'll use a personal goal.
Define the goal and visualize the future
I want to break my personal record at a full distance triathlon (Ironman), where I have to swim 3.8Kms, bike 180kms and run a marathon 42.2kms.
I have done three full distance triathlons and my best time was 11hrs, 04min, 09 sec back in 2020, and I want to go below 11hrs, so 10hrs, 59min, 59secs is the specific goal, I called it #Project1059 .
Plan backwards
Now that you have defined your strategic objective, you have to work on your plan to achieve that strategic goal, take in consideration that the value of having a strategic goal is that every thing you do must get you closer to achieve your goal, if you plan to do something that is not adding to your objective, don't do it, you'll waste time and energy.
What's the timeframe I have to achieve the goal? 16 weeks.
What are the risks? Time constraints for training, possible injury and environmental elements.
With that, I created my overall plan which consisted in:
Execute, adapt, teamwork and the power of coaching
Trust and embrace the process, most of the strategies don't fail at planning, fail at execution.
Once you have your plan well defined, it's time for execution, all your activities that are related to your strategic objective need to add to it, don't waste any energy on activities that won't take you closer to your goal.
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While executing your plan, there will be times when things are not going as you expected, in my case, there was travel that had me change the training and do more running than other types of activities, or sometimes during this period I got sick and couldn't train at all, being adaptable is key to achieve your goals, if you don't adapt to the circumstances you will end up stressed and frustrated.
Having a coach or a leader is key to achieve the strategic goals, the coach will bring some push when needed, advice when you think you are not doing good, will motivate you when you are feeling down and at time will bring you back to the right track if you are deviating from the goals.
Teamwork is fundamental to achieve your goals, there are things you can't do alone, in this case, can you imagine a 7hr bike ride alone? No possible, that simple.
Delivering the results
After you plan gets executed, it's time to deliver, in my case, these were the results:
Conclusion
Visualize, plan, execute and deliver!... Along with adaptability, coaching, teamwork and constant monitoring of your key performance indicators.
Strategy is all about visualizing the future and dare to work for it, it's not easy, it's not simple, but it will make you better every time!
#Project1059 made me better this time!
Awesome Ro! I know, I've seen it, I've seen you. Thanks for taking me with you along this amazing ride!
Senior Business Development Manager at Cotemar
1 年Well done my friend!! effort and training paid off.
Enterprise Architect HSBC UK
1 年Thanks to share motivating others !! You are a Super hero ????????????????????????
IT Regional Head of Lending
1 年Wow, wow!, inspiring...
Head Financial Services (UK)
1 年Visualise, plan, execute and delivery .. you have made it look so simple , hats off Rodrigo Castillo it takes a lot to keep going along with several priorities .. keep inspiring